49 Chambers Street
49 Chambers Street, New York, NY 10007
BBL 1001537501 · BIN 1079216
- Year built
- 1912
- Type
- Condominium
- Landmark status
- Individual landmark; in the African Burial Ground & The Commons Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Doorman
- Full-time doorman
Every recorded sale at this building, 2018–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,609
- floor-adjusted, 3 sales
- Listing discount
- 5.8%
- Recorded sales
- 126
- On record
- 2018–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 49 Chambers would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
49 Chambers is one of the most architecturally significant residential conversions in Lower Manhattan. Built in 1912 as the Emigrant Industrial Savings Bank to a Beaux-Arts design by Raymond F. Almirall, the building was among the early skyscrapers to employ an "H"-shaped plan around a central light court — a then-novel solution that gave every floor light and air. In 2018, the Chetrit Group transformed it into 99 condominiums, with Woods Bagot directing the conversion and Gabellini Sheppard Associates handling the interiors, preserving the grand banking hall and the building's ornate Beaux-Arts detail.
The result is a building that trades on a combination almost impossible to replicate: a landmark Beaux-Arts envelope, the volumes and light that come from a former bank's grand proportions, and a deep, contemporary amenity program — all at the seam where Tribeca meets the Civic Center, a few blocks from City Hall Park and the Tribeca dining core.
For buyers, the appeal is a landmark condominium set behind one of downtown's most distinguished façades, with an amenity suite that rivals far newer towers.
Architecture and unit composition
Almirall's design is the building's signature: a rusticated limestone base with banded columns rising to a dignified Beaux-Arts crown, and the innovative "H"-plan light court that floods the interior floors with daylight. The preserved banking hall — with its elliptical stained-glass ceiling and ornate architectural detail — anchors the ground floor and gives the address a sense of permanence no new tower can manufacture.
The 99 residences run from one- to four-bedroom layouts, with the conversion delivering the high ceilings, deep window reveals, and generous proportions that come from a grand early-20th-century bank building. Gabellini Sheppard's interiors pair these inherited volumes with a restrained contemporary finish program. The combination of landmark architecture and modern systems is the building's defining quality, with upper-floor and light-court homes capturing the best of the daylight that the "H"-plan was designed to deliver.
Building operations
49 Chambers runs as a full-service condominium with one of downtown's deepest amenity programs — more than 20,000 square feet in total. The attended lobby leads to a 50-foot lap pool, a hammam and spa, sauna and steam rooms, a fitness center, a golf simulator, a screening room, a residents' lounge, a children's playroom, and a tween lounge, capped by a 7,000-square-foot landscaped roof deck with cabanas and grilling areas. As a condominium, purchases clear through a right-of-first-refusal rather than a co-op board admissions process, and leasing by owners is permitted; confirm financing, pied-à-terre, trust and investment ownership in the declaration, bylaws and house rules. The location places residents within steps of the City Hall, Brooklyn Bridge, and Chambers Street transit hubs and the Tribeca restaurant core.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Buyer | When With the application | Amount $750 | Refundable Non-refundable |
| Credit Check FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $150 per applicant | Refundable Non-refundable |
| Working Capital FundPaid to the building | Paid by Buyer | When With the application | Amount Equal of two (2) months residential common charges | Refundable Non-refundable |
| Closing Document Preparation FeePaid to management | Paid by Buyer | When At closing | Amount $350 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Moving DepositPaid to the building | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Tenant | When With the application | Amount $550 | Refundable Non-refundable |
| Credit Check FeePer applicantPaid to management | Paid by Tenant | When With the application | Amount $150 per applicant | Refundable Non-refundable |
| Annual Lease FeeRecurringPaid to a third party | Paid by Landlord | When With the application | Amount Equal to 5% of the gross annual lease (To be mailed, with the hard copy of the package) | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Moving DepositPaid to a third party | Paid by Tenant | When With the application | Amount $1000 (To be mailed, with the hard copy of the package) | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Tenant | When With the application | Amount $225 | Refundable Non-refundable |
| Annual lease FeeRecurringPaid to the building | Paid by Landlord | When Upon approval | Amount Equal to 5% of annual gross rent. | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $993 per room a monthMedian of 12 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.42 per square foot a monthMedian of 12 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.01 per square foot a monthMedian of 20 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.44 per square foot a monthMedian of 20 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, pool, spa, residents' lounge, media room, playroom, roof deckSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $101,940/yr
- Per unit / month range
- $0 – $87
- Modeled exposure split equally across 98 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring prompt corrective action. The owner must install any public protection the inspector specifies (a sidewalk shed, construction fence or structural netting, depending on the condition) and make the repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 7, 2026 | 5G | 3 BR · 3,225 sf | $3,750,000 | $1,163/sf | — |
| Feb 6, 2026 | 11A | 2 BR · 2 BA · 1,824 sf | $3,450,000 | $1,891/sf | -1.3% |
| Jan 28, 2026 | 8F | 1 BR · 1.5 BA · 968 sf | $1,515,000 | $1,565/sf | +1.0% |
| Dec 17, 2025 | 5D | 2,261 sf | $3,053,731 | $1,351/sf | — |
| Dec 17, 2025 | 5D | 2 BR · 2.5 BA · 2,261 sf | $2,999,000 | $1,326/sf | -14.2% |
| May 29, 2025 | 9A | 2 BR · 2 BA · 1,824 sf | $3,630,000 | $1,990/sf | -3.2% |
| May 22, 2025 | 9D | 2 BR · 2.5 BA · 2,256 sf | $3,900,000 | $1,729/sf | -2.4% |
| Dec 20, 2024 | 15H | 2 BR · 2 BA · 1,459 sf | $2,535,000 | $1,737/sf | -6.1% |
Market read. Most recent trades (2026 to date) cleared a median $1,609/sf (floor-adjusted) across 3 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 5.8% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00153-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at 49 Chambers, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 8 | $10,900 |
| 2 bedroom | 7 | $14,500 |
16 closed leases, October 2023 to September 2026. Most recent lease August 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 49 Chambers and nearby.
At the recent median sale of $3.25M (8 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $137,617 to close, or 4.2% of the price.
- Mansion tax: $48,778
- Mortgage recording tax: $46,949
- Title insurance: $14,633
- Attorneys, lender, building fees, reserves and filings: $27,257
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 49 Chambers and its market
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What to know if you’re buying
49 Chambers offers landmark architecture with new-construction amenities in a condominium — an uncommon combination downtown. There is no board admissions process — purchases clear a right-of-first-refusal — and leasing by owners is permitted; confirm financing and pied-à-terre, LLC, trust and investment ownership in the current declaration, bylaws and house rules.
Buyers should focus on light and floor — the "H"-plan light court and the upper floors carry the daylight that defines the best homes — and weigh the value of the 20,000-square-foot amenity suite, which functions as a private club. The Tribeca/Civic Center location offers some of downtown's best transit and dining access. For a buyer who wants a landmark address with the services of a modern tower, 49 Chambers is among the strongest options in Lower Manhattan.
What to know if you’re selling
Landmark architecture and a deep amenity program are the marketing core. A 49 Chambers resale leads with the Almirall Beaux-Arts envelope, the preserved banking hall, the "H"-plan light, and the 20,000-square-foot amenity suite — differentiators that distinguish it from the new-construction glass towers nearby. Benchmark to downtown's landmark conversions and amenity-rich condominiums.
Closing mechanics are condominium-standard — a right-of-first-refusal rather than a co-op board, with timing subject to the governing documents and application requirements. For this 99-unit building, compare light-court and high-floor residences with current competing listings and recent sales before asserting limited supply.
Comparable buildings
If you're considering 49 Chambers, the relevant set is downtown's landmark conversions and full-service condominiums:
- 200 Chambers Street — Tribeca full-service condominium nearby
- 5 Beekman Street — Civic Center residential comparison; confirm the specific building's construction and conversion history
- 20 Pine Street — landmark FiDi condominium conversion
- 1 Wall Street — landmark Art Deco conversion downtown
- 25 Broad Street — full-service Financial District building
More Tribeca buildings
- 48 Beach Street — 1905 condominium
- 50 Franklin Street — 2007 condominium
- 50 White Street — 1865 co-op
- 49 Murray Street — 1858 condominium
- 49–51 Warren Street — 1854 condominium
- 50 Walker Street — 1857 condop
The neighborhood
For the full corridor — architecture, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 49 Chambers?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com